Tension between younger and older workers in UK businesses may weaken growth, according to a survey from KPMG. Many young workers felt that the late retirement of older workers was damaging their career prospects, the Big Four firm found.
The problem is particularly acute in accountancy firms as partners tend to retire later and are blocking career development for workers in their thirties and forties. Younger accountants are leaving firms and "buying out" clients to start their own practices, according to one expert.
Official figures recently showed that the number of workers in Britain aged over 65 or more has risen above one million for the first time
KPMG surveyed 1,500 people aged between 17 and 70 in different industries and found...